India’s oil imports from Iran fell by 45 per cent in January to 270,500 barrels per day oil (bpd), below the estimated 300,000 bpd for the month as some cargoes were delayed. India is restricted to buying 1.25 million tonnes per month, some 300,000 bpd. January imports from Iran were 10.4 per cent lower than December, […]

The National Iranian Oil Products Refining and Distribution Company (NIORDC) is planning to launch an integrated system for distribution management of petroleum products. Speaking to Shana, Shahram Rezaie, the director of planning at NIORDC, said the system was one of the company’s megaprojects which would come on-stream within the next two years. He said nearly […]

 The National Iranian Oil Company (NIOC) in an announcement put Iran’s reserves of recoverable liquid hydrocarbons at an estimated amount of 160.12 billion barrels, while its natural gas reserves stand at 33.33 trillion cubic meters. This makes Iran one of the world’s largest holders of crude oil, condensate and gas liquids reserves on the planet. […]

 The CEO of Karoon Oil & Gas Production Co. (KOGPC) says his company has processed 32,000 barrels of crude oil by mobile oil treater (MOT) devices during the past 10 months of the Iranian year (through Jan. 21). Mohsen Dahanzadeh added that the process has prevented the emission of 15,000 tons of carbon dioxide into […]

The spokesman for the Iranian Parliament’s Energy Commission said the development of Iran’s oil industry could not be stopped. Speaking to SHANA, Asadollah Ghareh Khani said Iran’s oil industry had continued its development process despite sanctions over the past years and decades, adding preventing Iran’s oil exports was “more of a joke; we have our […]

Japan’s JXTG Holdings intends to resume loading oil from Iran at the end of January, while Cosmo Oil aims to load around 1.8 million barrels of Iranian crude at the end of this month upon making final clearance, the presidents of the companies told S&P Global Platts Monday. “We hope to resume [Iranian oil imports] […]

OPEC members have shown that they can reach agreements regarding oil production despite having intense political and even military disputes, said Iranian Oil Minister Bijan Zanganeh on Saturday. “OPEC, as a third world organization, has shown the capacity in which members can negotiate and reach important results regarding their common interests despite having the most […]

 The chairman of Iran-South Korea Chamber of Commerce said Sat. that Iran and South Korea are working on a mechanism to continue bilateral trade, including oil sales, in the face of US sanctions. Hossein Tanhaee, the chairman of Iran-South Korea Chamber of Commerce, told IRNA news agency on Saturday that the mechanism will act very […]